Tulip mania


            https://term.museum-digital.de/md-de/tag/40822

JSON SKOS Navigator Tree

Note: "Tulip mania (Dutch: tulpenmanie) was a period during the Dutch Golden Age when contract prices for some bulbs of the recently introduced and fashionable tulip reached extraordinarily high levels, and then dramatically collapsed in February 1637. It is generally considered the first recorded speculative bubble (or asset bubble) in history. In many ways, the tulip mania was more of a hitherto unknown socio-economic phenomenon than a significant economic crisis. It had no critical influence on the prosperity of the Dutch Republic, which was the world´s leading economic and financial power in the 17th century, with the highest per capita income in the world from about 1600 to 1720. The term "tulip mania" is now often used metaphorically to refer to any large economic bubble when asset prices deviate from intrinsic values." - (en.wikipedia.org 25.12.2020)

[Last update: 2020/12/25]